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Analyst Ratings

DIS

NFLX

WBD

Netflix Inc (NASDAQ:NFLX) is planning to increase its prices in North America, a move that Benchmark analyst Matthew Harrigan believes is risky amid economic uncertainty. The price increase is expected to be effective in a few months, pending a resolution on the SAG strike and U.S. production restarts. Harrigan reiterated a Sell rating for Netflix with a $325 price target. Other streaming services like Warner Bros. Discovery, Inc (NASDAQ:WBD) and Walt Disney Co (NYSE: DIS) are also increasing their prices.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 7:23 pm

FNGR

FingerMotion, Inc. (NASDAQ:FNGR) shares are trading higher after the company responded to a short seller report by Capybara Research, which it described as containing errors and inaccuracies. The company's management and Board of Directors plan to continue reviewing the report and take necessary actions to protect shareholder interests. FingerMotion recently filed a Form S-3 registration statement for $300 million of securities, of which $25 million has been allocated to an at-the-market offering.

Portfolio Pulse from Ryan Gustafson

October 04, 2023 | 7:18 pm

KGC

Jefferies analyst Chris LaFemina maintains a Hold rating on Kinross Gold (NYSE:KGC) and lowers the price target from $5 to $4.65.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:17 pm

BAC

Bank of America Corp (BAC) shares have been trading lower, adding to losses of over 6% in the last week. This is due to rising Treasury yields, which make equities less attractive and borrowing more expensive. Morgan Stanley has cut its price target on BAC from $34 to $32 due to concerns over high earnings expectations. BAC is set to report Q3 results on Oct. 17, with an expected earnings of 80 cents per share on a revenue of $25.21 billion.

Portfolio Pulse from Adam Eckert

October 04, 2023 | 7:16 pm

LMT

A significant amount of bearish options activity has been observed for Lockheed Martin (NYSE:LMT), with 68% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $1,296,222, compared to $224,828 in calls. Whales have been targeting a price range from $360.0 to $412.5 for Lockheed Martin over the last 3 months. Deutsche Bank has downgraded its action to Hold with a price target of $435, while Wells Fargo upgraded its action to Equal-Weight with a price target of $440.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 7:16 pm

COST

A significant amount of unusual options activity has been observed for Costco Wholesale (NASDAQ:COST), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $450 and $650. Analysts from Roth MKM, Truist Securities, DA Davidson, B of A Securities, and Telsey Advisory Group have maintained their ratings on Costco, with price targets ranging from $502 to $619.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 7:16 pm

TDC

Northland Capital Markets analyst Nehal Chokshi maintains an Outperform rating on Teradata (NYSE:TDC), but has lowered the price target from $67 to $61.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:15 pm

SPY

A Fitch analyst has stated that a U.S. government shutdown will not affect the U.S. AA+ Stable Sovereign Rating, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:12 pm

SPY

A Fitch analyst predicts that the ousting of the U.S. House Speaker will likely result in tense negotiations around government funding, and a government shutdown later this year cannot be ruled out.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:11 pm

INTC

Northland Capital Markets analyst Gus Richard maintains an Outperform rating on Intel (NASDAQ:INTC) and raises the price target from $45 to $56.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:10 pm